Page 36 - Additional Tier News Today

Investegate announcements from OSB GROUP PLC, OneSavingsBank plc - 2022 Annual Report and Accounts

As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisse's rescue, the market for debt designed as a shock absorber for banks faces a long haul to regain investor trust.

As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisses rescue, the market for debt designed as a shock absorber for banks faces a long haul... | March 31, 2023

Investegate announcements from Bank of Cyprus Hldgs, FY2022 Group Financial Results

The Single Resolution Board’s Dominique Laboureix had a clear message for investors: we respect the hierarchy.

The Single Resolution Board's Dominique Laboureix had a clear message for investors: we respect the hierarchy.

Additional Tier 1 (AT1) bonds issued by Malaysian banks are ranked higher than equity holdings in the case of liquidation, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus. “It is senior [than equities]. Our banks do not rely on AT1 for capital, so if you look at the components of the capital, more than 80% of them are equities and retained earnings,” she told a press briefing after releasing the central bank’s Annual Report 2022.

Indian state-run lender Punjab National Bank said on Wednesday it would raise up to 120 billion rupees in one or two tranches, through the issue of bonds.... | March 29, 2023

The treatment of Credit Suisse AT1 bondholders in the rescue by UBS has been controversial and caught the market by surprise. Additional tier 1 capital securities are also referred to as conditional... | March 29, 2023

Legal experts pore over credit definitions after AT1 writedown